Fintech Finance

JULY 10, 2024

Breakthrough payment orchestration provider BR-DGE has today announced the launch of its white-label payment orchestration solution, which is set to propel payment acquirers, gateways, platforms and other ecosystem players with agile and customisable modular tech to stand out in a fiercely competitive market.

Gateways 52

Gateways PCI DSS Acquirers Value Added Service 52

Stax

AUGUST 29, 2024

Learn More Understanding Payment Service Providers (PSPs) A payment service provider helps businesses with the acceptance and processing of payments made via electronic payment methods, including credit cards, debit cards, digital wallets, ACH transfers, and payment apps.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

Stax

SEPTEMBER 17, 2024

PCI DSS stands for “Payment Card Industry Data Security Standards.” These standards are set by card brands like Visa, Mastercard, Discover, and American Express to ensure sensitive payment data is securely processed , transmitted, and stored. The PCI Security Standards Council determines and sets these security standards.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

SEPTEMBER 17, 2024

It’s also the software in your POS system or card readers that processes the customer’s payment data in a brick-and-mortar setting. The job of the payment gateway is to capture payment info securely, make sure that adequate funds are available in the customer’s account, and get the merchant paid.

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Basis Theory

OCTOBER 1, 2024

By outlining, defining, and enforcing standards for storing, processing, and transmitting cardholder data, the Payment Card Industry Security Standard (PCI DSS) gave organizations a security framework that brought trust and commerce to the internet. These could include processors, gateways, and tokenization platforms like Basis Theory.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Stax

APRIL 18, 2024

Merchant: The business or entity selling goods or services and accepting credit card payments. Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments. Card Network (e.g.,

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

PYMNTS

OCTOBER 9, 2018

How about payments made at the speed of sound — to be specific, using encrypted sound waves to make offline payments? But, of course, it is retail in general that will prove to be the most promising for sound-wave-based payments. Inevitably, as with any novel conduits to payments, the conversation turned to security.

Encryption 60

Encryption Payments Contactless Payments Transactions 60

EBizCharge

AUGUST 8, 2024

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

PYMNTS

SEPTEMBER 18, 2017

Nonetheless, he continued, there must be accountability all the way from the consumer to the acquiring banks. To assume they understand the intricacies of encryption, which more than 70 percent of respondents cited as a secure way to protect transactions, would be a bit of a stretch.

Security 61

Security Payment Security Consumer Encryption 61

PYMNTS

OCTOBER 5, 2020

Customers’ data is transmitted to various parties when their cards are used at checkout and many hackers seek to compromise these communication flows to steal details. Hackers often try to intercept the data as it travels between entities, attempting to breach retailers’ or their payment providers’ systems to obtain stored cardholder details.

Data Breach 82

Data Breach Breach PCI DSS Compliance 82

PYMNTS

JUNE 1, 2016

Cybersecurity company Thales announced on Tuesday (May 31) that its payShield 9000 hardware security modules (HSMs) will be used by payments technology company Swiftch to help secure the first Visa Ready and MasterCard self-certified mPOS solution throughout the United Arab Emirates (UAE).

Visa 41

Visa Encryption Payment Gateways Gateways 41

EBizCharge

MARCH 12, 2024

Online payment gateways: Online payment gateways act as intermediaries between merchants and financial institutions. When a customer purchases on a merchant’s website, the payment gateway securely collects and transmits the payment information to the payment processor or acquiring bank for authorization.

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

EBizCharge

MAY 15, 2024

As technology advances, digital payment solutions and automation tools are increasingly adopted to streamline B2B payment workflows and improve efficiency and transparency in transactions. Merchant accounts are essential for businesses in online commerce or retail environments where card payments are prevalent.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

Segpay

FEBRUARY 24, 2025

Key Functions of a Payment Gateway: Encrypts and securely transmits payment data. Communicates with the issuing bank and payment processor. How It Works: The customer enters payment details on the merchants checkout page. What is a Payment Processor? Verifies and authorizes transactions.

Payment Gateways 45

Payment Gateways Processors Gateways Payment Service Provider (PSP) 45

Evolve Payment

MARCH 21, 2024

Gateways securely pass sensitive customer data from your website or point-of-sale (POS) system to your payment processor. Gateways also help you streamline your system by consolidating different payment channels into a single platform via integrations with your other tools.

Process 52

Process Gateways Processors Credit Cards 52

Stax

FEBRUARY 26, 2024

Because the transaction takes place through a payment gateway that utilizes data encryption or tokenization to secure sensitive information during transmission, accepting payments using a virtual terminal from Stax (which is PCI compliant) is secure. Learn More What Is a Contactless Virtual Terminal?

Credit Cards 88

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 88

Payment Savvy

NOVEMBER 11, 2020

That is the reason why payment gateways were created. They encrypt card information, as well as authorize or decline a transaction. . How to Define a Payment Gateway. One can define a payment gateway as the technology capturing and transferring online payment data from the customer to the acquiring bank account.

Payment Gateways 52

Payment Gateways Gateways PCI DSS Credit Cards 52

EBizCharge

MAY 14, 2024

This visibility enables you to track payment status, identify late payments, and reconcile accounts more efficiently, for better financial management and decision-making. Enhanced security: Many payment link solutions incorporate advanced security features such as encryption and tokenization to protect sensitive payment data.

Payments 52

Payments Encryption Security Accounts 52

PYMNTS

MARCH 6, 2020

Others gain system access by intercepting and viewing messages with API keys or using phishing attacks to trick legitimate users into connecting with hackers’ systems, enabling fraudsters to acquire those keys. .

API 52

API Authentication Security Payment APIs and Integration 52

Core

FEBRUARY 6, 2024

Due to the False Claims Act , which was established to redress false claims for federal funds across government operations, the DOJ, aided by numerous whistleblowers, recovered funds unlawfully acquired through multiple fraud schemes—funds that may have otherwise been overlooked if it weren’t for diverse fraud prevention efforts.

Best Practices 52

Best Practices Government Governance Fraud Prevention 52

Stax

APRIL 18, 2024

Popular mobile payment solutions include Square, PayPal Here, and Shopify POS. Set Up a Merchant Account To accept credit card payments, you’ll need to establish a merchant services account with a payment processor or acquiring bank.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Mobile Payments 88

Ikajo

NOVEMBER 22, 2023

Additionally, the vendor can help you acquire the required licenses and security certifications, providing guidance throughout the process. Risk mitigation Given that PayFacs handle the most sensitive information of customers – their payment data – they must keep it secure and detect unauthorized transactions.

Facilitators 52

Facilitators Payment APIs and Integration PCI DSS Payments 52